A few examples:PMI if you put down less than 20%HOA fees or budgeting for your own maintenance costsZillow Estimates: I found Zillow can underestimate costs, so I add a bit more to their numbers to get a realistic idea.Hope the process is going smoothly for you!

However, the potential long-term rent is about the same as our mortgage, meaning we’d lose money when factoring in repairs and maintenance.3.

As for the way that they are living, you should be doing routine inspections and then hold them accountable.

Homeowner deal with repairs and maintenance all the time.

Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

Zillow doesn't tell the story I shared on the 19119 zip code but driving the neighborhood, walking properties,  observing the daily routines of those who live there and listening to residents articulate their wants and needs does.

The checks go to the owners directly, and he has a maintenance person and attorney on speed dial.

I was thinking of throwing in (yet another) tool; Breezeway.It supposedly takes all info from Hospitable and allows you to communicate with tenants, but also all vendors and streamline tasks like cleaners, maintenance etc from one platform.

Request for maintenance records and tenant payment history.